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Astrophel Aerospace, a budding space-tech company based in Pune, has secured Rs 6.84 crore (approximately $800,000) in pre-seed funding to build a reusable launch vehicle powered by semi-cryogenic propulsionтАФa critical milestone in IndiaтАЩs emerging private space sector.
This funding round will fuel the companyтАЩs efforts to develop a working prototype for launching small satellites, with plans to complete initial testing within the next two to three years. The company is also investing in developing precision guidance systems on par with missile-grade technology, signalling its ambitions to build sophisticated, reusable space systems domestically.
Early Breakthroughs with Minimal Resources
Astrophel made headlines last year when it became one of the few private Indian firms to successfully test-fire a semi-cryogenic engine, achieving this with a modest budget of just Rs 6 lakh and no outside investment. This low-cost milestone has earned the company recognition for its frugal yet effective engineering capabilities.
A Vision for IndiaтАЩs Satellite Economy
With the global demand for small satellite launches increasing rapidly, and IndiaтАЩs space economy projected to grow to $44 billion by 2033, Astrophel aims to play a foundational role by building the propulsion infrastructure required for frequent and affordable launches.
The companyтАЩs systems-first, modular approach to rocket designтАФdrawing from automotive manufacturing techniques and 3D printingтАФallows for faster development cycles and reduced production costs, making it well-positioned for scalable growth.
Strategic Collaborations
Astrophel has already signed a memorandum of understanding with ISRO, paving the way for joint research and testing. Additionally, it is working with a listed Indian manufacturing partner to co-develop cryogenic valves that serve both civilian and defence applications.
Founders Share Their Vision
тАЬWe believe Indian startups are now capable of tackling complex aerospace challenges,тАЭ said Suyash Bafna, Co-founder of Astrophel. тАЬBy focusing on reusable and modular systems, we hope to lower the cost barrier to space.тАЭ
Immanuel Louis, the startupтАЩs other co-founder, emphasized the importance of the funding: тАЬThis investment enables us to move quickly while staying focused on building lean, high-impact technology.тАЭ
Looking Ahead
As India prepares for its first human spaceflight under Gaganyaan, companies like Astrophel are stepping into the spotlight. The startupтАЩs first suborbital test flight is on the horizon, and with its innovative rocket propulsion technologies, Astrophel is shaping up to be a crucial player in the countryтАЩs next phase of space exploration.
